Funding you earn now, next payment 04:00 UTC+0.0301%/8h= +33.0% APRnext payment +$0.38 per $10,000 · paid last 24h +0.045%
Price spread now: Kraken Futures against Lighter−0.021%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.021%, 7d avg −0.054%
=Together, before fees+0.027%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.033% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.054%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XAG | 66.072 | 0.0184 | pay 0.0023% / 1h | 7m 15s | $5.3M | $10.8M | 25x |
| Short | Kraken Futures PF_XAGUSD | 66.058 | 0.0485 | get 0.0061% / 1h | 7m 15s | $912K | $683K | 25x |
Lighter XAG
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $63.25
- Price spread: −0.021% → −0.054%
- $3.32
- Slippage, 4 orders
- −$8.38
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $48.19
- Costs to cover
- 0.184%
- Break-even
- 1.7 days
Slippage from Lighter: live order book, 6 min ago; Kraken Futures: live order book, 51 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 6 min ago | 0.16 bp | 0.2 bp $0 | 0.3 bp −$3 | 6.3 bp −$632 | 16.5 bp −$8,258 |
| Sell Kraken Futures live order book, 51 min ago | 2.47 bp | 8.4 bp −$8 | 16.2 bp −$162 | 67.4 bp −$6,738 | doesn't fit |
XAG on 44 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.018 | −0.082% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.100 | +0.043% | $150.1M | $163.9M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.070 | −0.003% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.130 | +0.088% | $1.0M | $968K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.130 | +0.088% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.022 | −0.075% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.066 | −0.008% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.015 | −0.086% | $5.2M | $11.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.497% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.110 | +0.058% | $795K | $3.1M | 40x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | +0.0044% | 1h | 65.960 | −0.169% | $5.7M | $9.6M | 25x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.517 | +0.674% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 66.057 | −0.023% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.057 | −0.023% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.011 | −0.092% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.090 | +0.027% | $115K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0060% | 1h | 66.053 | −0.029% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0071% | 24h | 66.038 | −0.051% | $547K | $25.4M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.033 | −0.059% | $470K | $615K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.050 | −0.033% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.030 | −0.063% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0127% | 1h | 66.054 | −0.027% | $166.0M | $73.5M | 25x | as long as short |
| RISEx XAG/USDC | +0.0137% | 1h | 66.077 | +0.007% | $1.3M | $4.6M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0144% | 8h | 66.084 | +0.018% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0149% | 4h | 66.080 | +0.012% | $2.7M | $868K | 100x | as long as short |
| Bybit XAGUSDT | +0.0172% | 4h | 66.100 | +0.043% | $27.1M | $36.1M | 150x | as long as short |
| Lighter XAGlong | +0.0184% | 1h | 66.072 | long leg | $5.3M | $10.8M | 25x | |
| Aevo XAG-PERP | +0.0200% | 1h | 66.082 | +0.015% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.020 | −0.079% | $1.8M | $1.0M | 20x | as long as short |
| Variational Omni XAG | +0.0204% | 4h | 66.063 | −0.014% | $5.6M | $9.5M | — | as long as short |
| MEXC SILVER_USDT | +0.0214% | 4h | 66.080 | +0.012% | $110.6M | $153.0M | 1000x | as long as short |
| Nado XAG-PERP | +0.0215% | 1h | 66.038 | −0.052% | $1.4M | $6.4M | 10x | as long as short |
| Binance XAGUSDT | +0.0217% | 4h | 66.080 | +0.012% | $192.7M | $700.1M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0222% | 1h | 66.069 | −0.004% | $80K | $36K | 10x | as long as short |
| edgeX XAGUSDC | +0.0227% | 4h | 66.058 | −0.022% | $670K | $311K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0235% | 8h | 66.090 | +0.027% | $27.7M | $65.0M | 50x | as long as short |
| Bitget XAGUSDT | +0.0258% | 4h | 66.080 | +0.012% | $23.8M | $45.4M | 100x | as long as short |
| BloFin XAG-USDT | +0.0265% | 4h | 66.120 | +0.073% | $2.6M | $554K | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0276% | 4h | 66.090 | +0.028% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0291% | 1h | 66.096 | +0.036% | $44K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.060 | −0.018% | $75K | $362K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0383% / S −0.0424% | 1h | 66.095 | +0.035% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0384% | 1h | 66.054 | −0.028% | $20K | $19K | 10x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0485% | 1h | 66.058 | −0.021% | $912K | $683K | 25x |
Ondo Perps XAG-USD.P
Vest SI-PERP
Hotstuff SILVER-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Phoenix SILVER
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
Variational Omni XAG
MEXC SILVER_USDT
Nado XAG-PERP
Binance XAGUSDT
Aftermath Perps XAGUSD
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Bitget XAGUSDT
BloFin XAG-USDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P